Determining whether or not to bring a partner into the business is a decision nearly all entrepreneurs and business leaders make at some point in their careers. On the surface, the idea of a business partnership appears to have a lot going for it. Instead of...
How To Contend With The Skilled Worker Shortage As Australian Unemployment Rate Hits 50-Year Low
Recruiting and hiring aren’t easy under the best of conditions. Add to that, a global pandemic, and it’s not surprising that turmoil exists in today’s job market. Still, the numbers are staggering. The Australian unemployment rate is set to hit a 50-year low. While...
How To Make Sales As An Owner – Wearing The ‘Selling Hat’
If you are like most business owners of small or mid-sized businesses, there are times you must put on your Selling Hat. When you put on that Selling Hat, your mindset needs to change to one of “What do I need to do to persuade the person to whom I am trying to sell?”...
How The Alternative Board Helped Kay Godfrey Be Accountable And Stop Feeling Lonely
Kay Godfrey is a professional bookkeeper and BAS agent. She lives on Sydney’s Northern Beaches and loves what she does for a living. Her business is called First Class Accounts Mona-Vale, where she has a team of three people who work with her. She explains: “I take...
How To Thank Customers For Supporting Your Business
These days, after what seems an eternity of business restrictions due to Covid-19, companies are rightfully grateful for returning customers, and new prospects willing to give their business a chance. After all, every CEO and business owner understands that, without a...
3 Steps To Winning Back Lost Customers
Customer loyalty took quite a beating over the last couple of years. Throughout the course of the pandemic, businesses and their customers were often forced into an awkward dance of hurry-up-and-wait. And wait. And wait. Lockdowns, supply chain issues, and employee...
5 Ways To Invigorate Your Business
Opportunity awaits small business owners in 2022, but that doesn’t necessarily mean it is going to be easy. The beginning of the year has already proven to be a bit of a mishmash of positives and negatives for business owners. On a great note, the grip of the pandemic...
Great Tips On How To Lead During A Crisis
Working with a remote workforce requires different management and leadership. Whether it's during the current Coronavirus pandemic, the floods battering the east coast, or the war further afield, many members of your team will be experiencing mixed emotions from...
5 Ways To Make Your Business Partner Feel Valued
Savvy business owners and CEOs understand that no enterprise can last very long without contributions from a business partner. In this sense, “partner” can encompass everything from third-party vendors to an alliance with a complementary business. What’s key in all...
How To Manage And Overcome Supply Chain Issues That Are Plaguing The Country
Supply chain issues are top of mind for many Australians at the moment, whether as a business owner struggling to get the product or a consumer looking to fill a trolley at a supermarket. Industries are beginning to see the ill effects of supply chain issues that...
Social Media Platforms: Which Ones Do What And How They Can Help Your Business
Social media has swept the globe, and every week it seems like someone is discussing a new platform or method of distribution for social media. These growing platforms are valuable for marketing, brand management and customer feedback where businesses are concerned....
Make 2022 Your Year Of Effective Leadership And Innovation
As we've celebrated the new year, many business owners and leaders remain steadfast and resilient throughout the COVID-19 pandemic. For companies that want to thrive in 2022, it will take no less than exceptional leadership and innovation moving forward. But what can...
Making Your Business Incredibly Attractive To Jobseekers
Looking to round out your staff and maybe even expand a few areas of your business by adding new talent this year? Well, good luck with that. As we continue to move into 2022, factors like the Great Resignation, increasing hourly and salary requirements, and a myriad...
Tips For Setting Effective KPIs
There are many principles for running a strong, thriving business. Key among these guidelines is this: What can be measured should be measured. The data compiled for key business metrics can, as we have said before, “say a lot about what you’re doing right and where...
5 Ways To Boost Cash Flow In 2022
We’ve said it time and again—the state of a company’s cash flow is among the most significant metrics that every CEO or business owner should track. That’s because cash flow “is a key indicator of the financial health of your business,” as Wells Fargo notes. “A...
Financial Reports Every Business Needs
For the smooth running of a small business, no paperwork may be more essential than financial reports. These documents inform business owners and CEOs about the success or lack of success in past business activities, while also painting a fairly reliable picture of...
5 Tips To Help You Make The Most Of Your Time
Time management is an issue for all of us, but business owners often seem to suffer the most. As individuals wearing multiple hats in their business, they’re usually trying to juggle between the many roles they’ve taken up and find themselves never having time to fit...
5 Cost-Cutting Tips For 2022
In 2022, businesses will continue to adapt to changing conditions in the global marketplace. But as much as things change, certain operational fundamentals remain the same. Key among those fundamentals is the need to cut expenses wherever possible without compromising...
Readying for 2022: Things To Consider Ahead Of The New Year
As 2021 comes to a close, it's important to reflect on the year that has been, as well as look ahead and ready for whatever comes your way. As a business owner, it's essential to take stock, of your company and feel ready for whatever the year throws at you. Evaluate...
How To Ensure Your Website Is Optimised For Lead Generation
Your website is most likely the most important online (and possibly offline, too) real estate your company owns. Websites not only provide information and validation for your products and services, but are also an effective branding and lead generation engine when...
How A Small Homewares Company Went From A Side-Hustle To An International Brand
What started as a small side-hustle has quickly become an international business and labour of love for Deborah Mott who is the owner of Zakkia Homewares in Sydney. The small business distributes globally, and Deborah works as a solitary owner, of which she says can...
Why Your Company Is Not Hitting Its Goals (And What To Do About It)
Achieving your goals depends upon three key factors: time, people, and money. While it is critical to set the right measurable, realistic, and time-bound goals, it is also essential to have your team's buy-in. Many companies fail to achieve their goals despite having...
How To Write A Good Business Plan
Business plans are among the key documents deemed necessary in the early stages of a company or startup’s growth. However, the elements that go into crafting a strong business plan are worthy of a CEO or business owner’s consideration at any time in the growth...
As Borders Open Up And Business Takes Off Don’t Let Cashflow Be Your Undoing
As we descend into silly season, and borders open up, businesses are gearing up for a big influx of cash. But as sales increase, so too do the expenses, often leaving owners tight on money come mid-end January when the bills are due. Derek Lundberg is a facilitator...
7 Funding Tips For Entrepreneurs And Small Businesses
7 Funding Tips For Entrepreneurs & Small Businesses The Alternative Board surveyed hundreds of business owners to learn more about how they funded their business and what they learned from their funding experiences. According to the results, the large majority of...
Getting The Most Out Of Employees: Effective Ways To Set And Achieve Goals
In business, everyone should have job-related goals, from the front-line staff to those occupying the highest levels in the organisation. In all cases, the more specific the goals (as opposed to abstract objectives like “boosting sales”), the more effective the...
Increase Online Traffic By Improving Your Website’s Design
You need a website if you’re selling products and services online. This is an excellent marketing tool that can be used to attract potential leads and customers. However, what if you’re not attracting enough online traffic? How can people know you have what they need?...
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